Mare (MARE) Investor presentation summary

Business overview and strategy

• Specializes in digital engineering, driving innovation for industrial sectors and SME growth through advanced technology platforms like XR Line, Sypla, and Delfi.ai.

• Offers applied engineering (aerospace, infrastructure, automation) and digital services (cloud, AI, big data, cybersecurity).

• Pursues growth via M&A, integrating 11 companies since 2019, with a focus on shared vision and management integration.

• Aims to become Italy’s aggregation hub for digital engineering, national leader in engineering, and ecosystem builder for enabling technologies.

• Strategic focus on complementarity, sector expansion, innovation, and evolving business models.

Financial performance and guidance

• 2025 guidance projects €77.5M value of production and €20.3M EBITDA (including La SIA), with net profit of €5.5M.

• Year-over-year growth: +34.5% in production value, +28.8% in EBITDA, +53.8% in net profit.

• Cash conversion expected at ~70%, net cash at €5.5M.

• Aggregated figures position the group among Italy’s top 10 independent engineering firms, with over 500 professionals.

Technology platforms and solutions

• XR Line enables clients to create virtual reality training environments without specialized developers, used by major industrial clients.

• Sypla integrates IoT sensors and AI for real-time infrastructure monitoring, reducing railway maintenance costs.

• Delfi.ai provides AI-driven innovation benchmarking and business process support for SMEs, with marketplace and continuous improvement features.

• Integration of BIM, XR, and AI technologies leads to fewer errors, less waste, and recurring revenues through predictive maintenance.